For the first time, Xi is missing a China-backed BRICS summit. Why?
For the first time, Xi is missing a China-backed BRICS summit. Why?
www.aol.com
For the first time, Xi is missing a China-backed BRICS summit. Why?
20 comments
-
-
Is there any report on this from... Not CNN? Lol. I trust some western MSM less that I would some guy on YouTube telling me to take horse laxatives to fight ebola.
-
Mabe the rumours of him losing power are true? Does the CCP have a statement?
-
Or he was just sick or something.
-
Or maybe he was busy
-
If he was busy, then he/they don't think that BRICS summits are very important.
-
-
was this supposed to be a bit?
-
Not really. I watch some utubers Chinese expats who've been throwing the rumour around, So I was trying to call corroborate.
Now I think that skipping the BRICS summit was likely a silly faced saving ploy because Modi was already in a state visit, or is a Chinese move to distance themselves from BRICS (the Chinese might not need it)
I am an amateur on the topic though.
-
-
-
20 comments
Does US executive branch thinks the absence of a BRICS currency will halt or slow the decline of the USD, or that the establishment of a common currency speedrun it? I'm guessing the horrific deficit is doing that on its own, and am looking for missed interest payments in the immediate future. Probably hyperinflation as well?
The US government fear the loss of a sanction weapon more than anything USD price related. If a BRICS currency happens, they can't freeze out their enemies from international trade.
BRICS is already establishing one or more various currencies/currency related programs through various methods and different extents, with different purposes and goals, namely gold or trading essential commodities.
I think the real fear for the U.S., would be the fall of the petrodollar system or an enormous economic crash of the U.S. empire.
Well Western Europe better wake up PDQ. I wonder if Britain are kicking themselves yet, for Brexit?
US debt is in US dollars and the US can print as many as they like. Not making an interest payment would be a political decision, not an economic decision, and has nothing to do with the level of debt or rate of interest. All historic cases of hyperinflation involved countries whose debt was denominated in a foreign currency. The US will have inflation but it will not have hyperinflation.
Also, there will be no "BRICs currency" as they have nothing in common aside from a vague sense of alienation from the US-built world economic system. Infighting will break apart anything they try before it gets off the ground. These countries are more suspicious of each other than they are of the United States. As such, they have brief periods of limited cooperation followed by nothing or something worse than nothing.
I'm sorry but this seems like wishful thinking.